Feb 7, 2013 7:00pm PST
, as the company is known, warned that its fourth quarter sales and margins will be weak, blaming super-storm sandy, and disappointing products at its loft stores. shares were hit, falling 7.9%. the stock has been trending lower since september. analysts voiced concerns about ann's fashion choices more than the impact of sandy. another specialty women's retailer, limited brands fell 3.3%. despite stronger than expected january sales, it did not kept its fourth quarter outlook the same. reporting better than expected january results didn't help this trio either. gap same store sales growth was double what was expected but shares fell 3%. kohl's was down 1%. target slipped 0.6%. trading volume was heavier for both of them. four of the five most actively traded exchange traded funds were lower with the emerging markets fund losing 0.9%. the nasdaq 100 tracking fund squeaked out a small gain. and that's tonight's "market focus." >> tom: when the final international trade numbers for america are released tomorrow, it will likely show overseas sales of u.s. made goods last year hit a record. that's good
Feb 6, 2013 7:00pm PST
surprised wall street with a profit last quarter. it was expected to lose money. super-storm sandy cost allstate just over $1 billion. after closing unchanged, shares were up almost 3% in late trading, but supplemental insurer aflac fell 4.3%. it's revenues came up just shy of expectations. there was a multi-billion dollar drug deal today over multiple- sclerosis drug tysabri. bioden idec will buyout elan's interest in the drug, giving elan $3.75 billion in cash. biogen shares rallied 2.3% to a new 52 week high. elan fell more than 10% as it gives up its interest in the medicine. three of the five most actively traded exchange traded funds were weaker. the japan e.t.f. had the best showing, up 1.3%. and that's tonight's "market focus." >> susie: don't call it "diet food" because it's the new definition of fast food. we're talking about low calorie meal replacement and its becoming big business. from national brands to small local startups, its getting easier to buy healthy pre-made meals, as long as you are willing to pay the price. thestreet's debra borchardt has more. >> reporter: it'
Feb 8, 2013 7:00pm PST
coast still recovering from superstorm sandy. >> hurricane sandy cost the economy a $100 billion and the recovery efforts are still going on. so, it could delay some rebuilding activity... activity >> reporter: in new york city and elsewhere, preparations are being made for clean-up. >> we have more than 250,000 tons of salt on hand. >> reporter: according to the long island power authority, the storm has the potential to cause power outages for 100,000 customers on long island. and for the first time ever, lipa is deferring storm operations and response to its subcontractor, national grid. but in manhattan today, it was mostly business as usual, although many workers did try to leave early to beat the snow. and if the snowfall is anywhere close to the storm of '78, you'll see the impact in economic data in the weeks ahead. >> usually major storms cause increased volatility in economic data. so, that jobless claims jump significantly in the beginning as government offices close, because of the storm. and they surge back up after the offices reopened. >> reporter: if there's a si